Home Credit Cards Chase Credit Cards I don't really like the World of Hyatt Business credit card but...

I don’t really like the World of Hyatt Business credit card but I’m tempted to apply anyway


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When the World of Hyatt Business Credit Card was unveiled back in October last year I wasn’t particularly impressed with what it had to offer and I said as much when I wrote about it on this site. Now, almost a year later, I can’t say that my opinion of the card has changed dramatically but a couple of things are making me seriously consider adding it to my portfolio nonetheless.

The World of Hyatt Business credit card (in brief)

Costs:

  • Annual fee: $199
  • Cost of employee cards: $0 (zero)

Earnings:

    • 4 points/dollar at Hyatt properties worldwide
    • 2 points/dollar at fitness clubs and gyms
    • 1 point/dollar on spending in all other categories

Cardholders also earn 2 points/dollar for their top three (out of eight) qualifying spend categories each calendar quarter through 31 December 2023 and their top two (out of eight) qualifying spending categories in 2024 and beyond.

The qualifying spending categories include:

  • Dining
  • Airline tickets purchased directly with the airline
  • Car rental agencies
  • Local transit and commuting
  • Gas stations
  • Internet, cable, and phone services
  • Social media and search engine advertising
  • Shipping

There is no cap on the number of points that can be earned in these categories.

Current welcome offer:

Successful applicants can earn 60,000 bonus points after they spend $5,000 on eligible purchases in the first 3 months from account opening.

Successful applicants who get this card by 6 October 2022 will receive 2 elite night credits per eligible night stay through 31 December 2022 (more details)

Key Benefits:

  • All cardholders are given World of Hyatt Discoverist status
  • Cardholders will earn 5 Tier-qualifying night credits for every $10,000 of spending put on their World of Hyatt Business Credit Card
  • Spend $50,000 or more on the card in a calendar year and receive 10% of redeemed points back as Bonus Points for the remainder of the calendar year (up to 20,000 points).
  • Spend $50 or more at any Hyatt property and earn $50 in statement credits up to two times each anniversary year
  • Gift Discoverist status to up to 5 company employees
  • No foreign transaction fees
  • Primary rental car collision damage waiver
  • Access to Hyatt Leverage, Hyatt’s global business travel program that offers special rates to qualifying small and mid-sized enterprises at participating Hyatt hotels worldwide.

Access to full list of benefits can be found here.

My issues with this card

Most of the issues that I had with this card a year ago are still issues for me today so its worth recapping exactly what they are.

I don’t like the earning rates

There’s nothing in the earning rates that the World of Hyatt Business Card offers that makes me think that this is a card that I definitely have to have.

I already have the $95/year World of Hyatt credit card (the consumer card) so I already get 4 points for every dollar that I spend at Hyatt properties and I already get 2 points per dollar on my gym spending so the business card isn’t adding any value in those areas.

As far as the other earning rates that the World of Hyatt Business card offers go, I’m more than covered by a number of other cards that I hold…like the excellent Ink Business Preferred® credit card (review).

The benefits don’t wow me

Some of the benefits that the World of Hyatt Business credit card offers are already covered by the World of Hyatt consumer card (e.g. Discoverist status and no foreign transaction fees) and most of the other benefits leave me underwhelmed.

  • Holders of the card get a rebate equivalent to 10% of the points they redeem after they spend $50,000 on the card in a calendar year but the rebate only applies to points consumed after $50,000 has been spent in a calendar year and it’s capped at 20,000 points. I’m not about to put $50k of spending on this card just to get a rebate that’s worth no more than $280 to me.
  • Cardholders can gift Discoverist elite status to up to 5 other members of the World of Hyatt program but apart from the fact that I don’t know 5 people who need Discoverist status, I don’t consider it a status that’s particularly useful (although the 2pm late checkout benefit isn’t bad).
  • I don’t need the primary rental cover benefit because I already have this benefit with my Chase Sapphire Preferred credit card (review) and my Chase Ink Business Preferred credit card (review).
  • I don’t have huge bills to pay so I don’t need to use this card to spend my way to Globalist status ($120,000 of spending needed) and I prefer the way the World of Hyatt consumer card offers bonus elite night credits to the way the business card offers them.

Aside from not being overly enamored with the benefits that the World of Hyatt Business credit card offers, I also don’t like that it doesn’t offer a free night certificate (or a path to earning a free night certificate) and I don’t like that it doesn’t offer cardholders 5 elite night credits a year in the same way that the consumer card does.

Essentially, I think that the card’s benefits package is weak and that’s not a good look for a card that charges $199/year.

What has changed?

Well, there haven’t been any major changes to the World of Hyatt Business credit card since it was launched but the welcome bonus that’s now on offer combined with a newfound appreciation for one of the card’s benefits are what is making me consider adding it to my portfolio.

Currently, I hold top-tier Hyatt Globalist status but, for a variety of reasons, I haven’t booked many Hyatt stays so far this year and as things stand, I don’t look like I’m going to retain Globalist status for next year. That’s disappointing so with a good number of Hyatt stays already planned or booked for 2023, I’m tempted to try to use the double elite nights that the World of Hyatt Business credit card is currently offering to make one last push to keep Globalist status through February 2024.

Another side-effect of not making a large number of Hyatt stays so far this year is that, potentially, I may lose my membership in the Hyatt Leverage program which, as I discussed yesterday, is a program that I’m suddenly starting to appreciate.

The Hyatt Leverage program can sometimes offer significant savings. In this case, £80/$92 per night.

Continual membership in the Hyatt Leverage program is one of the benefits that the World of Hyatt Business credit card offers and as this program has recently been saving me a considerable amount of money (on future stays), a credit card that would ensure uninterrupted membership suddenly looks very tempting.

On top of all of this comes the fact that I would easily use the two $50 Hyatt credits that the business card offers cardholders every year and that would bring down the cost of holding the card to just $99…which isn’t bad.

Do I think the World of Hyatt Business credit card is a great card? No.

Am I prepared to pay $99 (net) to give myself a chance of retaining Globalist status and to guarantee my membership in the Hyatt Leverage program for another year? Yes.

The only thing stopping me from applying right now is that there are one or two other Chase cards that I’d quite like to add to my portfolio and I know that I can’t have the World of Hyatt Business credit card and those cards as well – Chase won’t approve them all.

I need to decide which card or cards will make the most difference to my travels and to my portfolio and right now, I’m not quite ready to make that choice.

Bottom line

I’ve never been a big fan of the World of Hyatt Business credit card and I’m not a big fan now, but a recently found appreciation for one of the card’s benefits combined with a strong desire to keep hold of my current Hyatt elite status is making me seriously consider adding it to my portfolio nevertheless.

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